The company reported a net profit of ₹140.7 crore in the January to March quarter of the fiscal year 2025 (FY25), as compared to ₹126 crore in the same period last year
The information technology bellwether will report its earnings for the quarter ended March on April 17, Thursday
Seasonal weakness in consulting and a fall in demand during the quarter will likely impact the IT bellwether's top line
Nine of the 13 brokerages that reviewed TCS's Q4 results downgraded their target price for the stock
The Tata Group's IT arm will kickstart the fourth quarter earnings season for India Inc. on Thursday, April 10.
Private sector capital expenditure is unlikely to pick up in a sustained way despite India Inc's profitability being near decadal high, domestic ratings agency Crisil said on Thursday. The profitability of India Inc is set to increase for the third year in a row in FY26 on the back of soft commodity prices, the agency said. An analysis of 800 companies excluding ones in the banking and finance and oil and gas sectors revealed that the pre-tax profit margins are set to widen to up to 20 per cent in FY26. It can be noted that the government is leading the investments in the economy for the last few years, and there have been calls for a revival in the corporate capex as well. However, rather than investing to create new capacities, India Inc has deployed money to retire debt and other measures rather than investing it even though the capacity utilisation levels are high. "Their (corporates') ability to invest is not matched by the willingness to invest at this juncture," the agency'
Keeping the price-earnings (PE) multiple intact, our (Nifty) index target gets revised to 27,000 levels i.e. nearly 21x PE on FY27 EPS of Rs 1,300
While many consumer durables companies reported disappointing earnings, missing their profit estimates due to lower margins, the EMS players exceeded expectations with strong revenue and profit growth
Earnings upgrade-to-downgrade ratio worst in 22 quarters, says Motilal Oswal
Most global brokerages have also raised their target prices on Nykaa after Q3 results were announced on Monday, after market hours
Nomura Nifty target: Nomura suggests investors stay highly "selective" and bet on stocks and/or sectors with relative valuation comfort
Subhash Chand Aggarwal, chairman & MD, SMC Global Securities says Trump's return may provide several benefits to India due to trade tensions between US and China
Out of this, the intent for fund raising through the automatic route amounted to $1.39 billion and that via the approval route was $ 1.43 billion, according to RBI data
Industrialist Kumar Mangalam Birla on Friday exhorted India Inc to push up the pedal on investment. The government has increased its capital expenditure five-fold in the last decade, Birla said while speaking at a Bombay Chamber of Commerce and Industry's 189th foundation day event here. In the comments that come amid concerns of slowing private capex, chairman of the Aditya Birla Group said his diversified grouping and other large conglomerates have embarked on unprecedented capacity expansion spree. "It is now time for India Inc to join the party this investment fervour needs to be far more widespread," Birla said. "We (businesses) have the capacity and the responsibility to define the vision for development and shape the India of tomorrow," the billionaire added. The comments come at a time when growth has hit a seven-quarter low of 5.4 per cent for the July-September period as per official data. Reluctance to invest and a preference to operate at higher capacities has been ...
The analysis is based on a common sample of 667 companies from BSE 500, BSE Mid Cap and BSE Small Cap Index excluding their listed subsidiaries
Rating agency ICRA on Monday said it expects sequential revenue growth for India Inc in the December quarter, led by improved rural demand and uptick in government spending, additionally supported by the festival season. However, headwinds such as uneven urban demand and evolving global uncertainties could weigh on growth in the second half of the fiscal, it said. On balance, ICRA said it expects the operating profit margin (OPM) for India Inc to improve in the coming quarters. As a result, the credit metrics of India Inc in the October-December period of FY25 are estimated to improve with the interest coverage ratio in the range of 4.5-5 times, against 4.1 times in Q2 FY25, the agency said. Commenting on the trends, Kinjal Shah, Senior Vice President and Co-Group Head -- Corporate Ratings, ICRA -- said while corporate India witnessed a muted sequential revenue growth in Q2 FY2025, led by the ongoing slowdown in urban demand, lower government spending amid monsoon-related disruptio
Investors will closely watch the implementation of new F&O rules, the NTPC Green Energy IPO, coupled with the Maharashtra Assembly election developments and Nifty50 expiry
Meanwhile, according to a note by JM Financial, 66 per cent companies under their coverage saw earnings per share (EPS) cuts for FY25
Registrations for ECBs by Indian companies almost doubled to $49.2 billion in the year ended March 2024 (FY24) from $26.6 billion in FY23
7% top-line growth in Q2 slowest in 5 qtrs; bottom-line expands 5%